New Delhi, Nov. 21 -- Conservative investors tend to invest in fixed deposits (FDs) as a safe, secure and fixed-return investment. But before locking in a significant sum, it is recommended to compare the interest rates offered by different banks.

Generally, these interest rates do not vary widely and move within a narrow range. However, even a small difference of, say, 50 basis points can significantly increase your investment, especially when the invested amount is substantial and the tenor is long.

For example, an extra 50 basis points on a fixed deposit of Rs.10 lakh over a three-year period results in an extra income of Rs.15,000. Now, if the invested amount is Rs.20 lakh, your extra savings could be as high as Rs.30,000.

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